---
title: "Institute & Faculty of Actuaries"
ocid: "ocds-b5fd17-597bbbeb-a653-4e71-9270-8f2c9d07d14a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-597bbbeb-a653-4e71-9270-8f2c9d07d14a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-597bbbeb-a653-4e71-9270-8f2c9d07d14a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-597bbbeb-a653-4e71-9270-8f2c9d07d14a.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2022-10-13"
---

# Institute & Faculty of Actuaries

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-597bbbeb-a653-4e71-9270-8f2c9d07d14a

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-597bbbeb-a653-4e71-9270-8f2c9d07d14a)  
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## Summary

The Bank of England has awarded a contract to the Institute and Faculty of Actuaries for legal services worth £90,000. The contract involves providing membership, CPD training, and in-person training days for Actuaries to carry out their roles. The procurement method used was a direct single tender action, with the tender period ending on 21st July 2022. The contract is active and runs from 22nd July 2022 to 21st July 2023, benefiting Actuaries based in the UK and internationally.

This tender from the Bank of England creates opportunities for businesses in the legal services industry, particularly those providing educational and professional development services for Actuaries. Businesses offering membership services and training courses to professional bodies like the Institute and Faculty of Actuaries would be well-suited to compete for similar contracts. The contract period offers stability for the selected supplier, fostering potential growth and long-term business relationships within the Actuarial sector.

## Notice

The Institute and Faculty of Actuaries (IFoA) is the UK's only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and internationally. This contract is for the fees to provide membership, CPD training and in-person training days necessary for Actuaries of the Bank and the PRA to carry out their roles.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/73921757-e45c-4e28-bf6a-c6e794e60f1f |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Oct 2022 |
| Submission deadline | 21 Jul 2022 |
| Future notice date | Not specified |
| Award date | 20 Jul 2022 |
| Contract period | 21 Jul 2022 - 21 Jul 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £90,000 |
| Lots value | Not specified |
| Awards value | £90,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BANK OF ENGLAND |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2R 8AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Walbrook |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | INSTITUTE AND FACULTY OF ACTUARIES |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79100000 - Legal services

## Release History

- 13 Oct 2022 at 15:07 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/73921757-e45c-4e28-bf6a-c6e794e60f1f

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/73921757-e45c-4e28-bf6a-c6e794e60f1f
  13th October 2022 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-597bbbeb-a653-4e71-9270-8f2c9d07d14a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-597bbbeb-a653-4e71-9270-8f2c9d07d14a.json.